$4,250,000.00 8,300 Sq.ft

281119 Township Road 240 , Chestermere. T1X 0K5

Description

Although Chestermere Storage is an active storage facility, this property is for sale as a development site. Zoned as Business Park/Light Industrial, it has long list of permitted uses inside Chestermere. The property is located on the south side of one of Alberta's fastest growing cities. With approximately 8,300sf of mini storage inside a 4+ acre secured compound for additional outdoor (boat/RV/vehicle) storage, this active business has a lot of room to grow. There is also a house/office and two garages/shops for lease. The 10 acre property is on a paved road with paved roads to both sides of the lake. Terradigm Advisors has analyzed the property for future development potential and believes that there is an opportunity to provide much needed commercial/ industrial space for the City, creating a condominium model so that there are finally ownership options for Chestermere businesses. Development on the west side of Chestermere will create a new direct, paved route from Stoney Trail on Peigan Trail. In addition, the City is currently examining options for extending water/wastewater services to the adjacent industrial land that it currently owns. This property gives ongoing cash flow today and great opportunities for future development as infrastructure continues to be constructed. At $425,000/acre for an industrial site, with income in place to help carry it while you develop the balance, this is a great opportunity.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2000300
City:Chestermere
Neighbourhood:NONE
Province:Alberta
Building/Unit Size: 8,300 sq.ft
Land Size:0.00 Acre
Listing Price:$4,250,000.00
Lease Rate:$0.00
Business Type: Storage Storage
Property Subtype:Business
Transaction Type:For Sale
Land Use Code:BP/LI
Listing Contract Date:2022-08-26

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "Terradigm Development Consultants Inc." listing brokerage.

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